Zynga could be set up for a record year after first-quarter bookings blew past estimates Corporate earnings releases keep pouring in, and this morning Wall Street is digesting numbers from social gaming company Zynga Inc (NASDAQ:ZNGA), maker of Words with Friends, and online furniture selling expert Wayfair Inc (NYSE:W). While ZNGA is jumping out of the gate, shares of W are pulling back.For Zynga...Read More
Lucara Diamond Corp, which has recovered two of the largest diamonds in recent history, is turning to technology to ensure growth in an industry where new mine acquisitions remain elusive.For the Vancouver-based junior miner, that means using advanced technology like sorting based on atomic density to boost value from its Karowe mine in Botswana, and also diversifying away from mining into an onli...Read More
Lucara Diamond Corp, which has recovered two of the largest diamonds in recent history, is turning to technology to ensure growth in an industry where new mine acquisitions remain elusive.For the Vancouver-based junior miner, that means using advanced technology like sorting based on atomic density to boost value from its Karowe mine in Botswana, and also diversifying away from mining into an onli...Read More
India's Hindustan Zinc Ltd (HZL), the world's second largest zinc miner, expects its output to grow in 2019/20 after a drop in the previous financial year, a senior executive said, a move that could put pressure on global prices.The company's refined zinc production fell 12 percent in 2018/19 to 696,000 tonnes due to the closure of its open cast mines, prompting a switch to underground mines. The...Read More
Tesla stock is pointed higher on plans to raise capitalDow Jones Industrial Average (DJI) futures are pointing toward a lower open, with the S&P 500 Index (SPX) following suit. Investors continue to digest Fed Chair Jerome Powell's post-meeting comments indicating interest rates will likely remain unchanged, which dampened expectations for a rate cut. Meanwhile, the Nasdaq-100 Index (NDX) is poi...Read More
Mined diamonds are less carbon-intensive than man-made, but their producers should use more green energy, according to a study commissioned by the natural diamond industry, highlighting tensions between the mined and lab-grown sectors.The U.S. Federal Trade Commission, which investigates allegations of deceptive advertising, sent warning letters to eight lab-grown diamond companies at the beginnin...Read More
Grayscale Investments launches anti-gold, pro Bitcoin campaign. THe company believes that our future lies with digital assets. The cryptocurrency asset management company Grayscale Investments, which is a part of Barry Silbert’s Digital Currency Group, launched Drop Gold campaign, designed to lure investors from gold to digital assets. “The gold...Read More
Minaurum Gold (TSXV: MGG) has more than doubled the size of its Alamos silver project in Sonora, Mexico.In a press release, the Vancouver-based miner said that it staked an additional 20,872 hectares, which makes the project over 37,000 hectares in size.Minaurum also announced that its ongoing district-scale reconnaissance mapping found four new vein zones, which were named Rosario, La Dura Oeste,...Read More
Pure Energy Minerals Limited (TSXV: PE) reached a deal this week with subsidiaries of Schlumberger Limited (NYSE: SLB) on the terms of an earn-in agreement providing for the development of the company's Clayton Valley lithium project in Nevada.Under the earn-in agreement, the company granted an option in favour of the investor to acquire all of the Pure Energy's interests in Clayton Valley."The in...Read More
Gold higher time frame cycles suggest that cycle from 8/16/2018 low ended 5 waves advance on February 20, 2019, at $1346.75 high. Since then, Gold is going lower in an impulse manner as the decline is unfolding as Elliott wave zigzag structure. It’s important to note that the cycle from 2/20/2019 peak remains incomplete to the downside therefore, further downside is expected. Looking for mor...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, May 2 (Reuters) - Zinc prices hit their lowest sincemid-March on worries about global demand and as inventoriesclimbed, but other metals were supported by hopes that aU.S.-China trade deal would be agreed.Investors have been worried after data on Tuesday showed factory growth in top metals consumer China slowed unexpe...Read More
Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") is pleased to announce that Anthony Huston, CEO of Graphite One presented at the Benchmark Minerals Summit 2019, in Washington, D.C. Mr. Huston was the only CEO of a graphite developing company to present at this invitation-only session in which he highlighted the Company's graphite project and...Read More
TORONTO, April 29, Apr 29, 2019 (GLOBE NEWSWIRE via COMTEX) -- TORONTO, April 29, 2019 (GLOBE NEWSWIRE) -- Galane Gold Ltd. (Read full newsRead More
"Natural Gas Prices Climb More Than 1.50% Ahead Of Thursday's EIA Storage Report; Seasonal Buying, Production, LNG Exports, And Demand In Focus https://t.co/mPoCUV1agD"Read full newsRead More
Here Are 3 Hot Things to Know About Stocks Right Now Stocks end down Wednesday after the Federal Reserve left benchmark interest rates unchanged. Advanced Micro Devices (AMD - Get Report) ended lower after the chipmaker narrowly beat Wall Street's earnings forecasts. CVS Health (CVS - Get Report) posted stronger-than-expected earnings and increased the mid-point of...Read More
The premium to be paid on purchases of lead ingots went up in India over the week ended Wednesday May 1, with buying spurred by low exchange rates before the imminent beginning of the monsoon season. Elsewhere, physical zinc premiums remained low in Europe, with sales prompted by record-high backwardations in the forward price. Lead premiums rise from one-year lows in IndiaZinc premiums remain at...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday May 1. Please click...Read More
Lead's three-month price on the London Metal Exchange fell to its lowest level since 2016 at the close of trading on Wednesday May 5, with its price action largely subdued amid commodity trading advisor (CTA) selling and low liquidity conditions, while investors hold out for the US Federal Reserve's rate decision due later. Reaching an intra-day low of $1,846.50 per tonne, three-month lead futures...Read More
Vanadium producer Bushveld Minerals has agreed to buy multiple South African production assets for $68 million, it said on Wednesday May 1.The South Africa-based miner will acquire Duferco Vanadium Investment Holding's Vanchem plant, the ferro-vanadium business of its subsidiary South African Japan Vanadium (SAJV), and all the shares in subsidiary Ivanti Resources. The Vanchem plant is a primary v...Read More
AMG Advanced Metallurgical Group recorded a modest increase in earnings before interest, tax, depreciation and amortization (Ebitda) at its Critical Materials division for the first quarter of 2019, helped by strong performances in vanadium, chrome and antimony. The division generated Ebitda of $31.2 million, up 1% compared with the first quarter of 2018, the Amsterdam-listed group said on Wednesd...Read More